It is a surprise to the gentleman that we still have 6 months to go in this Congress and in this administration. This amendment would limit the administration's ability to propose or finalize important rules or regulations. The administration issues rules because Congress has conveyed a specific responsibility to them. Rather than enact every contingency into law, we rely on public comment and technical advice to make sure the laws are implemented efficiently. Taking a myopic view of our Nation's regulatory practices is nothing new for the majority. Time and time again we have seen appropriations riders and authorizing legislation that only looks at the costs associated with agency rules and completely ignores the associated benefits. This amendment is no different. These proposals overlook the extensive review process that already exists for rules. For example, every new rule is already scrutinized up and down by numerous Federal agencies as well as key stakeholders and the public. For economically significant rules, an agency must provide the Office of Management and Budget with an assessment and, to the extent possible, a quantification of the benefits and costs of the proposed rule. In accordance with Executive Order 12866, the agency has to justify the costs associated with the rule, and these costs are justified with benefits--something this amendment appears to think don't exist. But that is just false.…
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More from José E. Serrano
As the designee of the gentleman from New York (Mr. Crowley), I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of division C (before the short…
I thank the gentleman for yielding. This reduction would have a significant impact on public safety. The ATF would be investigating fewer firearm traffickers and violent gangs. They would be unable to respond effectively to theft…
I yield myself such time as I may consume. Mr. Chairman, this amendment prohibits the CFPB from implementing, administering, or enforcing any guidance related to indirect auto lending. This is meant as a shot across the bow to the CFPB…
I will be brief. I don't want to read into the gentleman from Arizona's statement, sir, that you were trying to get the chairman not to notice that you were writing the amendment that he dislikes the most across the board-- that we both…





